Finance

PBOC governor urges China to promote equity, cut debt, eliminate “zombie” companies-official media

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China’s central bank boss spelt out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources,
Source: The New Age

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